Tel: 0845 458 2633
← Bank charges under fire by the Office of Fair Trading | News For July 2008 | FSA to consider "Gold Standard" Mortgages →
Products increase and interest rates lower
The number of lenders cutting their rates on mortgages is increasing. Nationwide, Abbey, Northern Rock and the Woolwich have all lowered their rates.
Swap rates have lowered over the past few weeks from 6.5 per cent to 5.8 per cent as a result of a feeling of stability slowly returns to the industry after a period of turmoil in the money markets.
Nationwide will be cutting their rates for most of their tracker and fixed rate mortgages by 0.24 per centage points, the average cut for a two year fixed rate loans for remortgaging are being lowered by 0.4 per cent.
Trigold, the mortgage industry's sourcing system for mortgage products has recently increased its product offering by 7.5 per cent which means they have an extra 1,060 products on their stystem. This minor increase in new product releases has been welcomed by the industry as a small step in the right direction.
← Bank charges under fire by the Office of Fair Trading | News For July 2008 | FSA to consider "Gold Standard" Mortgages →
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
This site is intended for UK residents only. The overall cost for mortgages for comparison is % APR.
The actual rate will depend on your circumstances. APR variable and based on a usual case.
Grovelawn Financial is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority.
Grovelawn Limited is Registered in England & Wales number 5030300. Registered Address: 98 Station Road, Sidcup, Kent, DA15 7BY.
Entered on the Financial Services Authority's Register — Register Number: 314204 — Consumer Credit Licence Number: 573287
The Financial Services Authority (FSA) do not regulate some types of buy to let, commercial, overseas mortgages, tax advice and credit or loans not secured on property.